S&P500 Elliot wave ,bearish setup , Update3

this is the last bearish model we can consider for now.

if It fails I will stay away from the market because RSI shows a divergence in daily chart and I dont like to buy a diverged market.

Comentário:

wave 5 of the y correction seems to be termination at the
1-fibo level
2- broken trend line
3- RSI resistance point

you can even consider shorting now as the stop loss is also very tight

Comentário:

By the way I have short the market already ;)
lets see what will happen

Comentário:

Comentário:

Comentário:

don't rush to sell, there is bluish scenario which is strongly valid as well!!!
We need all to see several confirmations.

Comentário:

I didn't expect the price to drop so quickly ! but everything is going based on the predication so far :)

Comentário:

now that we have our first confirmation , this the the bearish setup

Comentário:

now we have 2 scenarios, I have plot both on the same chart

Comentário:

Unfortunately we hit the invalidation level
this is the new wave count

Comentário:

The 30min chart will be this way, we have a wxyxz correction now

Ordem cancelada:

I published the new post see that one for the recent updates